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Presidential Address: Industry Location, Economic Development Incentives, and Clusters

Author

Listed:
  • Woodward, Douglas P.

    (South Carolina State University)

Abstract

In his Presidential Address, Professor Woodward uses South Carolina’s economic development experience as a case study of significant challenges in regional development. The state has re-industrialized and emerged as a leader in attracting capital investment through generous financial incentives, after watching the demise of its major industry cluster (textiles and apparel) since the 1970s. The address argues that regional science research continues to advance our understanding of regional policies promoting industrial location. He urges caution regarding development incentives as a regional strategy. Instead, emerging research suggests that stronger agglomeration and cluster-based strategies are better suited to promote contemporary economic development.

Suggested Citation

  • Woodward, Douglas P., 2012. "Presidential Address: Industry Location, Economic Development Incentives, and Clusters," The Review of Regional Studies, Southern Regional Science Association, vol. 42(1), pages 5-23, Spring.
  • Handle: RePEc:rre:publsh:v:42:y:2012:i:1:p:5-23
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    File URL: http://journal.srsa.org/ojs/index.php/RRS/article/view/42.1.2/pdf
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    References listed on IDEAS

    as
    1. Barkley, David L., 2008. "Evaluations of Regional Competitiveness: Making a Case for Case Studies," The Review of Regional Studies, Southern Regional Science Association, vol. 38(2), pages 121-143.
    2. Bartik, Timothy J, 1985. "Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes, and Other Characteristics of States," Journal of Business & Economic Statistics, American Statistical Association, vol. 3(1), pages 14-22, January.
    3. Josep-Maria Arauzo-Carod & Daniel Liviano-Solis & Miguel Manjón-Antolín, 2010. "Empirical Studies In Industrial Location: An Assessment Of Their Methods And Results," Journal of Regional Science, Wiley Blackwell, vol. 50(3), pages 685-711.
    4. Gilles Duranton & Henry G. Overman, 2005. "Testing for Localization Using Micro-Geographic Data," Review of Economic Studies, Oxford University Press, vol. 72(4), pages 1077-1106.
    5. Chirinko, Robert S. & Wilson, Daniel J., 2008. "State investment tax incentives: A zero-sum game?," Journal of Public Economics, Elsevier, vol. 92(12), pages 2362-2384, December.
    6. Ellison, Glenn & Glaeser, Edward L, 1997. "Geographic Concentration in U.S. Manufacturing Industries: A Dartboard Approach," Journal of Political Economy, University of Chicago Press, vol. 105(5), pages 889-927, October.
    7. Coughlin, Cletus C & Terza, Joseph V & Arromdee, Vachira, 1991. "State Characteristics and the Location of Foreign Direct Investment within the United States," The Review of Economics and Statistics, MIT Press, vol. 73(4), pages 675-683, November.
    8. Edward M. Bergman & Edward J. Feser, . "Industrial and regional Clusters: Concepts and Comparative Applications," Wholbk, Regional Research Institute, West Virginia University, number 19 edited by Randall Jackson, November.
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    Cited by:

    1. Court, Christa Dean & Jackson, Randall W. & White, Nancy, 2012. "The Role of Regional Science in Shale Energy Development," The Review of Regional Studies, Southern Regional Science Association, vol. 42(2), pages 99-105, Summer.

    More about this item

    Keywords

    economic development; industry location; incentives;

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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